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FX.co ★ Elliott wave analysis of EUR/USD for February 24, 2023

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Forex Analysis:::2023-02-24T08:33:05

Elliott wave analysis of EUR/USD for February 24, 2023

Elliott wave analysis of EUR/USD for February 24, 2023

EUR/USD continues to follow the expected path lower towards the ideal corrective target seen at 1.0498 to complete wave 4 and set the stage for a new impulsive rally in wave 5 towards 1.1360 - 1.1390.

Short-term we see minor resistance near 1.0626 that ideally will cap the upside for more downside pressure towards the 1.0498 target.

Analyst InstaForex
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